ExxonMobil extends contract for Maersk Viking drillship at reduced rate

Texas-headquartered ExxonMobil has extended its contract with Danish offshore driller Maersk Drilling for the ultra-deepwater drillship Maersk Viking in the Gulf of Mexico, albeit at a much lower day rate.

The deal pre-empts the ending of the original 2014 contract which is scheduled for July this year.

It is a 150-day extension for the rig, operating in the Julia field 200 miles south of New Orleans in the Walker Ridge area, and is worth $22.5m in total.

That amounts to a day rate of around $150,000, considerably less than the original three-year contract’s rate of $500,000.

Maersk’s statement about the extension acknowledged difficult times in the industry but said it has made cost reductions in recent years.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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